I also think it is important for businesses as well that they have a climate where they can trust, you know, that inflation is going to be under control and that business conditions are going to be good and that they can invest.
Powell emphasizes the need for a stable economic climate for businesses.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
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